Fury Gold Mines and Quebec Precious Metals Progress Towards Merger Completion

Fury Gold Mines Limited and Quebec Precious Metals Corporation are advancing their merger, expected to complete by April 30, 2025. Following the arrangement agreement announced in February, QPM has received the necessary no-objection letter from Corporations Canada and an interim order from the Quebec Superior Court for a shareholders meeting on April 22.

Fury has gained conditional approval from both the TSX and NYSE American exchanges. The shareholder meeting circular provides merger details, noting a non-cash impairment charge to align Fury's mineral properties with its market capitalization. Additionally, Isabelle Cadieux has resigned from Fury's board.

QPM's portfolio includes gold and lithium prospects in the James Bay gold camp and the Elmer East project. The company also has an interest in the Kipawa rare earths project.